Koryx Copper Inc V.KRY

Alternate Symbol(s): KRYXF

Metals & Mining Copper

Koryx Copper Inc. is a Canadian copper development company focused on advancing the 100% owned, PEA-stage Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large and advanced copper/molybdenum porphyry deposit in southern Namibia. The Haib Copper project, Exploration and Prospecting License 3140, is held by Haib Minerals (PTY) Ltd, a Namibian corporation fully held by the Company. It holds the option to acquire up to 80% of three large scale exploration licenses in the copper belt in Zambia. The licenses include Luanshya West project (LEL 23247), Chililabombwe project (LEL 23247), and Mpongwe project (LEL 23248). The licenses cover about 752 square kilometers in the Central African Copper belt. LEL 23247 is situated in the center of the Zambian Copper belt, which forms part of the Central African Copper belt. The three licenses sits on the same side of the Copperbelt, which hosts nine large copper mines.

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Koryx Copper Inc

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Post by caddoon Sep 30, 2004 8:30pm

169 Views

Post# 7990182

Management sold out cheap

I listened to the CC and they said they had the money to put the mine into operation. That is good. If you think you might need more cash, but not yet, why not let the stock price run ? Surely if this is a bull market it would have ran much higher. At the higher price do the private placement. What gives here ? Having to pay big dollars for the management additions ?? If you didn't need the cash, why issue stock now for cheaper than a few months from now ? What gives here Desert Sun management ?

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